Question: Don't put dollar sign ($) and comma (,) into the blank and show the final answer only. Don't show any supporting work in the blank.

Don't put dollar sign ($) and comma (,) into the blank and show the final answer only. Don't show any supporting work in the blank.

Assume that you wish to purchase a 18-year bond that has a maturity value of $1,000 and makes semiannual interest payments of $41. If you require a 10 percent nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?

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